Banking

ISBN-13: 9780415615464 / Angielski / Twarda / 2011 / 2130 str.

John O.S. Wilson

Opis

It is almost universally agreed that banks are of central importance for economic growth, the efficient allocation of capital, financial stability, and the competitiveness and development of manufacturing and service sectors. And, at least in recent decades, it has also widely been believed that high-performing banks, supported by state-of-the-art risk-management capabilities, and light-touch, market-based regulation would allow plentiful finance for investment, leading to economic growth. However, since 2007, as the global financial system has endured extreme turbulence--with banks suffering stomach-churning losses, necessitating unbelievable bailouts by national governments--this orthodoxy has been roundly challenged. Academics and policymakers alike have been forced to re-examine the scale, scope, governance, performance, as well as the safety and soundness, of financial institutions.